Murrey Levels - this type of market analysis has been demanded by many traders for a long time. Whether you trade shares, currency or futures, Murray Levels perfectly apply to all instruments. Main principle of ML is that all markets move in a similar manner (which means that behavior of crowd determines all markets and thus they have similar characteristics).
Murray Levels are based on discoveries made by William Gann in the first half of XX century. As William Gann performed as an efficient trader, his technique seemed complex and intricate. But Mr. Murray simplified Gann's technique: he created a special geometrical system that describes price movement over time.
| 2016 | EURUSD | GBPUSD | USDJPY |
| 03 October | The four-hours chart EURUSD. Pair went through the horizontal corridor (3/8 – 5/8), but it returned back very fast. Now it is difficult to say would further moving continue into this corridor. The price reaction on the main support/resistance level is important(4/8). If we see down pullback t | The four-hours chart GBPUSD. Pair couldn’t break through and consolidates above the line of the four-hours Supertrend line. After short consolidation price has broke through the main support level (0/8). Now situation isn’t good for buyers. The main possibility is pair decrease. The nea | The four-hours chart USDJPY. In spite of many price bounces from the intermediate resistance level(2/8) the four-hours Supertrend line continue supporting the price. Buyers are stretching pressure on (2/8) level. This is medium strength level and it couldn’t hold buyers for a long time. So as a pri |
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